On Jan 30, 2007, at 10:30 AM, Yoshie Furuhashi wrote:
> $50 is good enough for Saudi Arabia, but not good enough for
> Venezuela, let alone Iran, to say nothing of environmentalism.
On the latter, we need carbon taxes; who wants ExxonMobil to get the windfall?
$50 is still quite a high price by recent historical standards. Unlike Venezuela, Iran isn't using its oil windfall for much of anything decent.
Doug